09/21/2020
Fund managers alarmed over EU push to lure London job
Regulatory proposals viewed as fresh attempt to capture more of UK’s £9tn asset management sectors
Legal, Regulation & Compliance
09/20/2020
Landlords slash rents by up to 20% as tenants quit city centres in pandemic
‘Race to suburbia’ and a lack of foreign students see rental demand plummet in wake of Covid-19
09/20/2020
Natwest mulls Ulster Bank closure despite promise of growth
Natwest is considering exiting the business in the republic but not the north.
09/20/2020
Will the chance to retire in Dubai appeal to British expats?
Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens
09/20/2020
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
to curb money laundering in the past, particularly in its DLT rules, describes the update as a “natural evolution of the defined regulatory principles.”
09/20/2020
European Central Bank Extends Partnership with SkySparc
The ECB renewal also allows other Eurosystem central banks to contract SkySparc’s services under the same framework agreement, rather than conducting individual tenders.
09/18/2020
CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank
The Boards of Directors of both banks have approved the exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share.
09/18/2020
BoE to ‘explore’ negative interest rates
It is not the first time the central bank has signalled it would be open to using negative rates.
09/18/2020
Is the FCA set for an advice suitability crackdown?
Thematic review into the implementation of regulations could be on the cards
09/18/2020
Landmark Carey Pensions case to be appealed
Long-running legal dispute could have ‘real prospect of success’
09/18/2020
UK financial advice firm fails
Lifeboat scheme is now accepting claims against the company
09/18/2020
Defaqto unveils drawdown guide for advisers
‘Perfect storm’ created by pandemic shows need for planners to sharpen focus on risk
09/18/2020
Bank of England looks harder at negative rates in case troubles deepen
Sterling fell sharply after the announcement, weakening by around 0.6% on the day against the U.S. dollar GBP= to below $1.29.
09/18/2020
Deloitte fined £15m for audit failures ahead of Autonomy sale
A tribunal finds that the company's work on the software firm's accounts fell "significantly" short of expected standards.
09/18/2020
£500m after rental receipts decline
Coronavirus forces Crown Estate revaluation as retailers and tenants struggle to make payments
09/18/2020
Leaked EU draft proposes all-encompassing laws for crypto assets
The unknown is whether that may stifle this nascent and fast-moving space.
09/18/2020
FCA: New webpage on LIBOR transition
The FCA has updated its webpage on short selling bans and reporting, which states that firms should continue reporting at the lower threshold.
09/18/2020
FCA suitability review faces indefinite delay
The watchdog's website now shows the review to be on indefinite hold, with a date at which it will be revisited yet to be decided.
09/17/2020
Scams and FSCS issues are symptomatic of supervisory failings says PIMFA at Select Committee inquiry
Mr Fassam said: “Every customer who finds themselves in need of the FSCS has had a poor outcome and an incredibly stressful experience; it is best for all if this can be avoided”.
09/17/2020
LGIM to reopen property fund next month
LGIM said: “We will continue to monitor investor intentions and the factors outlined above in the lead up to the planned opening date. Should anything materially change, further communications will be issued.